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I think it is only really a problem if they buyer can't accurately assess the value - ie know when they are being stitched up by the developer. I remember going to numerous docklands auctions a few years ago. The average loss was around 25%-30% from the price paid off the plan. $800k...

Probably Footscray of those three. I haven't been to Docklands in a year or two buy surely there is still going to be be more apartments coming onto the market for years? ie years and years of oversupply?

Is that due to all the cheap student accomodation that has been built during that timeframe? ie all those 150k units have surely pushed down the statistical median?